Scary US Debt facts

[nikimcbee]

Originally Posted by Ducimus

Wife and I have been looking for a house lately. 99% of the houses on the market in our area, are short sales. Lots of people upside down or getting forclosed on.

You should have been there before IMFlash opened up. My friend said housing prices doubled when they opened for business.

You could also do the west side of Ut Valley.

[nikimcbee]

Originally Posted by soopaman2

Don't worry our shill congress and house will use taxpayer money to help Goldman and JP save America.

Fixed.

Then they will foreclose on your house, and outsource your job. True patriots! True gratitude.

Somebody's got to pay for Michelle's hollidays.

Yup, time to put the ignorant, arrogant, do nothing, asshat on the ignorelist. Ta ta trollmeister. I fart in your general direction. There is nothing you could possibly say that would have been worth reading anyway. A gum stain on the sidewalk is taller then you.

I am devestated.

Pity that ducimus own "logic" is actually so ludicrous it can be used as a joke in any topic and carries exactly the same weight as it has when he uses it seriously.

But hey as insults go that little attempt by the pathetic mr "I walked the walk" really is so lame you could almost feel pity for him.
gum stains eh
at least he could have used a bit more of the python bit and included a hamster reference

[joegrundman]

Originally Posted by STEED

Germany is back with a new warlord...



Not going down well in Greece.

yeah, i'm sure this is exactly the sort of approach that makes the German taxpayer want to give his or her money to the "we retire early and collect no taxes but pay everyone from the public purse" Greeks

[Schroeder]

Originally Posted by joegrundman

yeah, i'm sure this is exactly the sort of approach that makes the German taxpayer want to give his or her money to the "we retire early and collect no taxes but pay everyone from the public purse" Greeks

You bet it does.

yeah, i'm sure this is exactly the sort of approach that makes the German taxpayer want to give his or her money

I had a german round this evening, her view was 'can't the greeks come up with anything better than nazi comparisons if they want to moan about taking the money'.
It tied in nicely with a joke on todays news about a french idiot getting in trouble for saying nice things about the nazis.

[JU_88]

Originally Posted by STEED

Don't worry JP Morgan & Goldman Sachs will save America.

Lol Steed

But seriously and unfortunatly for all of us, the U.S Goverment defaulting is pretty much a mathmatical certainty now.
You cannot indefinately sustain an economy that is based around debt.
The debt model is either designed with zero forsight (incompetance) or its just designed to fail (conspiricy)- take your pick but neither option is pretty.
2008 was meant to be our 1930, but the bailouts postponed it for few years. Now our goverments are holding off the next crisis by printing money (QE) its pretty obvious that it wont end well.

[Skybird]

Greece.

Wrote some lines, and deleted them. Would have gotten me brigg time if I had not.

But I would say I am representative for the German majority opinion.

[STEED]

Originally Posted by JU_88

Lol sure they will...
Unfortunatly for the the US entire world, the U.S Goverment defaulting is pretty much a mathmatical certainty.

PLAN-B

Liquidate the Banks.

[Torplexed]

It's becoming painfully clear that the only option for Greece is indeed default, and even the elite, the "wizards of smart", are realizing that. Debt slavery is not to going to work, and Greece will probably be destroyed in some violent revolution if they keep it up (which will be an even worse default, of course). But if they do default, then that will trigger a cascade of other panics and failures. So, they're busy trying to figure out something (including selling your first born, law and ethics and everything else be damned) to ringfence it off.

[JU_88]

Greece could still be the spark, but everyone has had a fair bit of time now to address their exposure to Greece.
Im worried for the Day that US Fed can no longer pay its bills. The Dollar is still the worlds reserve currency, if that goes down, the entire house of cards comes down!
It will be biggest Global deppression in history, (A once in a life time event so they say)

[soopaman2]

Originally Posted by JU_88

Greece could still be the spark, but everyone has had a fair bit of time now to address their exposure to Greece.
Im worried for the Day that US Fed can no longer pay its bills. The Dollar is still the worlds reserve currency, if that goes down, the entire house of cards comes down!
It will be biggest Global deppression in history, (A once in a life time event so they say)

I have always seen what could be construed as a doomsday prophecy with this whole thing. It runs parallel to your statement.

I believe that the PIIGS are simply just a symptom of the larger disease. Which is reliance on the financial sector, which schemes to make money, rather than offering a tangible product.

Unless you consider wealth tangible. Is it worth to gain at the expense of the weaker members of your country?

Dumb question, of course it is, screw you, I already got what I need. I could care less if you have the same chance.
Money is made up, pretend, fiat currency, we primally fight over something that is abstract, silly no?

It rules us because it rules the elites, we allow to elites to rule us.

I miss guys like George Washington and Lucius Quinctius Cincinnatus.
Who all understood that power is more a disease than a blessing.

Both saved their countries.

Both went back to thier farms after being offered Dictator/ King titles.

2 different eras, good or bad men never change throughout history. I do not think grace like this is gone, just that grace like this is not financially supported today.

I always thought the Mayan 2012 was bullcrap, but I almost wish it. I lost all faith in mankind lately.

We need a culling.


Anyway, yeah I know you think America sucks, but just watch what happens if we fall, you think WW2 was a doozy?

Remember how undefended your euro shangrilas are compared to the Chinese and Russians.

[mapuc]

During this week I saw a few minutes of the financial news on danish tv(TV2News) and this expert made it clear why EU and others is doing everything they can to prevent Greece to collapse economically, 'cause if they do the will be, as other wrote, be a cascade.

If Greece collapse, Italy, Portugal and spain will surely follow.

Markus

[JU_88]

Originally Posted by soopaman2

Anyway, yeah I know you think America sucks, but just watch what happens if we fall, you think WW2 was a doozy?

Remember how undefended your euro shangrilas are compared to the Chinese and Russians.

I think America is badly run compared to how it used to be, I do not think 'America sucks' any more than britain sucks!
Say whatever you like about Britain and EU, I dont care - as I dont do all thats nationalism BS .

[Skybird]

Originally Posted by mapuc

During this week I saw a few minutes of the financial news on danish tv(TV2News) and this expert made it clear why EU and others is doing everything they can to prevent Greece to collapse economically, 'cause if they do the will be, as other wrote, be a cascade.

If Greece collapse, Italy, Portugal and spain will surely follow.

Markus

I wonder where this logic is coming from: that if Greece is being eternally payed for (let'S be honest, that what is is about, and that'S why they wanted to join the Euro at all costs) and does not go bancrupt while essentially it surely is bancrupt, other countries will then not go bancrupt while essentially being bancrupt.

...?????

It is no logic in there, just a simple demand: some others should have to pay for these failing countries, forever, unlimited, unconditionally.

Like there is no logic in claiming that pressing for more EU integration - the main reason why we have the Euro and why these countries now economically (since they cannot freely adjust there currencies) are unable to solve and overcome the crisis that this integration so far has caused. That is anti-intellectual stubborness to press through an ideologic agenda of "no nations - one Eurocratic regime": an old, very old fight in Brussels over accumulating more power in the hand of some who so desperately want it. Mainly left European forces, and Germany - due to its complex over irreparable guilt - started this movement

The EU negotiations over Greece are not really about Greece anymore. They are about the question who is in power in the EU - those many countries who demanded to be fed and bailed out and maintained and payed for by the few, or those few expected to endlessly pay for the majority, ruining themselves over that task more and more by drowning in debts themselves while paying for the others. The poor debtors are the majority, which says a lot about the credibility and power of the EU.

Greece must leave. And to be honest: the Euro must go. And if I would have one wish free: blast the EU. And the chances that the Euro will fail, are growing. It is not the first attempt of a currency union in Europe. There were several. In the end, most of them failed, sometimes with very bad consequences.

Germany is in the same situation in Europe, like America in the world. Like America was needed as a political and military player and for right this military strength was dispised so much, Germany is needed in Europe, and is despised for its financial status. However, America'S military limits have been shown in the past ten years, and Germany's financial limits are simply ignored. The country is much more dangerously closer to a financial abyss deriving from future financial obligations, than many Germans or Eurocrats want to see. If you plan for very long term financial investements in German papers, think twice.

Germans are pissed, totally pissed by the Greek. Not so much because of the constant lies and betrayals and paying for this mess, this is what we have learned to expect, but because of the totally reality-disconnected arrogance and haughtiness that has been shown by Greek politicians in the past days, and by some media, and by Greek politicians at the EU since months. Simple truth is: the German people for the most simply do not care for Greece anymore. Not one bit. Let it sink in the Aegean, its rotting monuments of a past almost 100 generations ago are so terribly old anyway. To live in the shine of something so terribly old and terribly dead maybe is what is paralysing all Greek attempts to form a nation since the Ancient times. But already in the Ancient Greek era, their city states were plagued by massive corruption, failure, and political self-destruction. Many commentators ask whether a functional Greek state indeed has ever existed. To me, it is a dysfunctional societytoday, on the basis of depending on the framework of what essentially is a failed state.

What that means, is simple. It means Greece must start from scratch, and make a more radical break with its paralysing past than maybe any other modern European nation had in modern time, including Germany after WWII. As long as the Greek people do not understand this and always bore the rest of Europe with their claims over Greek honour and Greek pride (honour - based on betrayal and lies and dependency? Being proud on - what?) and Greek history and all this now meaningless history stuff - may it be olympia, may it be philosophy (both of which no modern Greek can claim any inch or credit for, since he contributed nothing to that past, absolutely nothing) - while at the same time they accuse those who already have payed hundreds of billions over their the Greek'S failures and ignorrant acts of denial, as long as the Greek people do not understand this and get ready to start in this manner even if it costs them big sacrifices and efforts, I am not willing to lend them any hand of assistance anymore. And then there is economic compettiveness. This prevents a place like Greece to be part of a multinational currency union. A bigger part of the Greek pay their taxes - if they pay them - in agricultural products until today, and they even cannot export their olive oil without being subsidiesed by the EU. Pardon? When was the last time you bought something different than olive oil which had a writing on it saying "made in Greece"? And regarding their oils, even many of their "home-manufactured" olive oils, are pressed from foreign olives now.

These reminders are not meant as mockery. It is meant to show that such a non-economy cannot be part of a currency union without going crash-diving.

Something tells me that they will fail to understand this, and will continue to make the rest of Europe responsible for their own wrongs, because they have had Oh! Olympia and Hey! Plato and Wowh! Alexander. But I say: Plato is dead, Olympia is in ruins, Alexander got eaten up by Rome, so save us from your laments and pathetic claims of honour and pride and get your damn parasitic ar$e moving - or leave the EU. But I guess it will stay as it is as long as no foreign supervising regime that takes over total control is being installed. The Greek, imo, are unable to successfully govern themselves and erect a functional state administration. And even such a foreign regime will find it tricky to be successful, and probably would fail. And haven'T they buiold that reputation over the past 2 millenia? Already the Romans were both mocking and cursing about it, and so just made opportunistic use of the individual Greek's talent.

A Greek man that I know, a loose friend of my parents, told me last week this, we had discussed the absurdity of the debt crisis but that Greece nevertheless increases its military like crazy and buys submarines and tanks, and he asked: "Why do we have such a big and costly army? It's true what you said, we indeed have more heavy combat tanks than anyone else in Europe. But why should anyone with a sane mind want to invade and conquer us? I mean what he would get for his victory, is us!"

Said a Greek.